Japan Cuts Tariffs To Reduce Shandong Textile And Garment Export Competitiveness

Recently, from the Shandong Provincial Department of Commerce, it was informed that, influenced by multiple factors, Shandong exported 2 billion 300 million US dollars to Japan's textile and clothing in the first 7 months of this year, an increase of 4.2% over the same period last year, an increase of 12.9 percentage points below the average daily export growth.

Among them,

Qi Xueyong, director of the foreign trade division of the Shandong Provincial Department of Commerce, analyzed that the main reason for this phenomenon was the tight supply of cotton and the rapid rise in prices.

Cotton prices have been rising since the end of last year, rising 37% in the first half of this year, and domestic cotton prices are approaching the highest level in 15 years.

High cotton prices will drive cotton yarn, cotton cloth and so on.

At the same time, Japan's tariff cut will reduce the competitiveness of Shandong's textile and garment exports to Japan.

Japanese officials are preparing to revise the preferential tariff system for importing products from developing countries, which will reduce the discount rate.

Japan's preferential tariff is 5 billion 500 million yen, of which about 20% is used by our country.

The increase in tariffs will further enhance Shandong's opposition to Japan.